NNS gets Navy contract worth up to $564 million

JULY 21, 2015 — Huntington Ingalls Industries (NYSE:HII) reports that its Newport News Shipbuilding division has been awarded a $106 million contract to provide engineering and industrial support on U.S. Navy submarines, special mission submersibles, submarine support facilities and related programs. If all options are exercised, the total value of the contract will be $564 million.

Work will include engineering, design, configuration management, integrated logistic support, database management, research and development, modernization and industrial support. Work will begin immediately and is expected to continue through September 2019.

"Receiving this contract allows Newport News Shipbuilding to continue decades of delivering the best engineering, design and logistics support for U.S. Navy submarines," said Jennifer Boykin, Newport News' vice president, engineering and design. "We look forward to providing continued support to the operational readiness of our nation's submarine force."